Travis Hebert

Pleased to share that I’ve officially earned the Chartered Investment Manager (CIM®) designation from the Canadian Securities Institute!

The CIM® designation is a key regulatory requirement for providing discretionary portfolio management and advising on managed accounts. It reflects advanced proficiency in investment analysis, asset allocation, portfolio construction, and risk management.

I look forward to applying these insights and managing client portfolios with precision, discipline, and alignment to their long-term goals.

Thanks for the coffee, Ryan!

#financestrategy #commercialrealestate #networking #infinitebanking… | Ryan Williams, B-Comm, MPAcc, REALTOR ©️ Ever feel like the way we’re taught to manage money might be… a bit outdated? That was one of the most intriguing things I took away from my 1-on-1 with Travis Hebert from Precedence Private Wealth and one thing that really stood out was how important structure is when it comes to personal finan...

📚🎓 As we enter that time of year when many kids are heading off to post-secondary education, two of the most common questions we receive are:

https://lnkd.in/g56FiUGg

1️⃣ What is required to make a withdrawal from an RESP?
2️⃣ How much can I withdraw?
In a follow-up video, we’ll dive deeper into RESP planning, even after your kids have started school, so be sure to watch that as well! 🔔

Here’s what you need to provide in order to make an RESP withdrawal:
✅ Student’s full name
✅ Name of the institution they are attending
✅ Program they are studying and the year
✅ Enrollment status (must be on official letterhead or include a seal)

Typically, this information will be found in:
📄 Official enrollment letter from the post-secondary institution
📄 Student’s account statement showing tuition fees for the academic year
📄 Confirmation of enrollment
❗️ Please note: Acceptance letters or admission offers won’t suffice as proof of enrollment. Official documentation is required.

There are two types of payments from the RESP:
💸 Educational Assistance Payment (EAP) – Includes growth and grants within the RESP
💸 Accumulated Income Payment (IAP) – The money you have contributed, separate from the growth and grants
👉 You can withdraw up to $8,000 in EAP during the first 13 weeks of the program. After 13 weeks, you can withdraw additional EAP (up to $28,122 for 2024). If you need more, you can withdraw with proof of education-related expenses. Remember, contributions you’ve made can be withdrawn anytime!

We’ll cover whether it’s better to withdraw more than the maximum in our next video, so stay tuned!

💬 Have any questions or need help with your RESP withdrawal? Feel free to reach out, we’re here to assist!

How to Make RESP Withdrawals: Everything You Need to Know! Wondering how to make withdrawals from your RESP as your kids head to post-secondary education? In this video, we’ll explain what’s required, how much you ca...

Celebrating Mortgage Freedom for Another Valued Client!

I'm thrilled to announce another incredible milestone for one of our esteemed clients: Mortgage Freedom through the implementation of the Tax Deductible Mortgage Strategy! On September 6, 2024, they officially achieved this significant financial accomplishment.

This journey towards financial liberation began back in April 2020 when they embarked on a strategic path towards homeownership without the weight of a mortgage. Through diligent planning of the Tax Deductible Mortgage Strategy and unwavering commitment, they've reached this incredible milestone in just four years, as opposed to their original mortgage freedom timeline of 8 years through the traditional way of paying off a mortgage. What's even more remarkable is that they achieved this without increasing their monthly payments towards their mortgage.

This achievement is a testament to their dedication and perseverance, and we couldn't be prouder to have played a part in their journey.

Congratulations to our client on this remarkable accomplishment!